Pantera Capital Partner: Why would I invest in Digital Art NFT Market MakersPlace

August 13th. MakersPlace is the premier digital art NFT market. Last year, it achieved tremendous growth, with sales exceeding 100 million U.S. dollars and the number of independent collectors increasing by 10 times. Recently, the company announced that it had raised $30 million in Series A financing, led by Pantera Capital and Besssemer Venture Partners, with participation from Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Coinbase Ventures and Sony Music Entertainment. Other angel investors include Eminem, 3LAU and Larry Fitzgerald Jr.

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Nowadays, the NFT industry is developing very fast, especially in July, where the monthly sales of NFT grew very strongly.

cwVyQvGxYDNRZxIh44Z4JThqT4iJjflntjyIap4g.pngMakersPlace prioritizes quality, trust and ease of use, which is obviously very different from other NFT platforms. The company has always targeted mainstream audiences and is the first NFT market that accepts both cryptocurrency (ETH) and non-cryptocurrency (USD) payments through encrypted wallets and credit card transactions, and it is also the first to provide integrated custodial wallets.

Blockchain makes NFT authentic and can effectively track ownership, which not only provides creators with a new source of income, but also enables them to obtain residual income in secondary transactions. The following picture is a proof of authenticity:

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MakersPlace even created a historical record of NFT transactions through Beeple’s digital artwork “Everydays: The First 5000 Days”. “Everydays: The First 5000 Days” was sold at Christie’s auction house for $69.3 million, one of the highest prices ever paid by a living artist (in any medium). The copy of this work is as follows:

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MakersPlace goes beyond traditional art creators, allowing musicians and athletes such as Pak, DeadMau5, Urs Fischer, Bosslogic, Trevor Jones, Patrick Mahomes, 3LAU, Jose Delbo and Luxux to create their own art works. Please refer to the work created by the NFL Major League Kansas City Chiefs quarterback and Super Bowl MVP Patrick Mahomes:

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Who is behind the project?

MakersPlace was founded by former Pinterest colleagues Dannie Chu and Yash Nelapati and e-commerce veteran Ryoma Ito.

Final thoughts

NFT will provide support and impetus for the next generation of digital art, collectibles, media, experience, etc. MakersPlace has formed a first-class team, and they designed a user experience that seamlessly introduces creators and collectors into the new paradigm of NFT . There are indications that it is working. For creators and the entire industry, the future is bright.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/pantera-capital-partner-why-would-i-invest-in-digital-art-nft-market-makersplace/
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